Silicon Valley Bank Celebrates 20 Years Of Dedication To Entrepreneurs

October 17, 2003


 
Meg Brook (back center) and Sue Butler celebrated 20-year anniversaries with Silicon Valley Bank in 2003. Joining Meg are several Bay Area-based employees who have over 10 years of service with the company.












Silicon Valley Bank Milestones
1983 — Bill Biggerstaff, Robert Medearis and CEO Roger Smith opened first office on North First Street in San Jose
1984 — Began trading stock in the over the counter market
1985 — Opened Palo Alto, Calif. office
1986 — Merged with National InterCity Bancorp; Opened Santa Clara, Calif. office
1987 — Began trading stock on Nasdaq under the symbol SIVB
1988 — Completed IPO, raised $6 million in equity; Opened additional offices in Palo Alto and San Jose
1989 — Cemented venture capital community presence with the opening of a Menlo Park, Calif. office on Sand Hill Road; Launched Specialty Finance division
1990 — Established bi-coastal presence with first East Coast office near Boston, Mass.; Opened Newport Beach, Calif. office, now Irvine, Calif.
1991 — Launched international services with formation of the Pacific Rim and Trade Finance groups; Opened Beaverton, Ore. office
1992 — Reflected on year-over-year decade of rapid growth; Reengineered process and technology infrastructure; Posted first net loss after industry-wide problems in the real estate market
1993 — Named John Dean president and CEO
1994 — Established Premium Wine Practice
1995 — Named Daniel Kelleher chairman of the board; Opened San Diego, Calif. office
1996 — Established wide-spread national presence: Opened Austin, Texas; Seattle, Wash; St. Helena, Calif.; Beverly Hills; Boulder, Colo.; and Rockville, MD, now Reston, Va., offices
1997 — Opened Atlanta, Philadelphia and Phoenix offices
1998 — Raised $38.5 million in cumulative trust preferred; Opened Los Angeles and Rosemont, Ill. offices
1999 — Named Kenneth P. Wilcox president of Silicon Valley Bank; Raised $55.1 million in a common stock public offering; Opened San Francisco, Sonoma, Calif; Minneapolis, Minn. and Dallas, Texas offices; Reincorporated in Delaware
2000 — Raised $91 million in a common stock public offering; Created first investment funds: Strategic Investors Funds and BancVentures fund; Opened offices in West Palm Beach, Fla., Research Triangle and an additional office in San Francisco
2001 — Named Kenneth P. Wilcox president and CEO and John Dean chairman of the board of Silicon Valley Bancshares; Solidified diversified growth strategy and acquired Alliant Partners, a leading M&A firm; Opened New York and Fremont, Calif. offices
2002 — Focused strategy to provide diversified financial services to technology, life science and premium wine markets; Launched broker-dealer subsidiary SVB Securities; Acquired Woodside Asset Management, personal investment advisor
2003 — Launched private placement advisory services; Named Alex "Pete" Hart chairman of the board; Established greater international presence through IBOS association membership

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